SINGAPORE (Aug 1): Real estate investment trusts (REITs) and business trusts (BTs) on the whole have continued to show improvements in corporate governance, according to the Governance Index for Trusts (GIFT) 2019 report.

GIFT, which is an annual assessment used to gauge the governance and business risk of REITs and BTs, saw the average combined governance and business risk score rise to 68.0 points. This compares to 65.6 points in 2018 and 62.2 points in 2017.

“This sector is well-regulated, and many of the trusts have good governance practices and have been improving over the years,” says Mak Yuen Teen, associate professor of accounting at the NUS Business School, National University of Singapore, and co-author of the GIFT report, which is supported by the Singapore Exchange.

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